─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in St Helens

FRS 105 Micro Entity Accounts are the simplified statutory accounts prepared under the UK micro-entities regime, and they are designed for companies that qualify for that regime and choose to apply it. FRS 105 sets out the financial reporting framework itself: it allows a streamlined balance sheet, limited disclosures and a simpler overall approach than the standards used by larger companies. If your company is based in St Helens and you are weighing up how best to present your year-end figures, professional preparation can help make sure the accounts are put together appropriately for your circumstances, based on the records you hold and the reporting requirements that apply to you. It is worth being clear from the outset that applying FRS 105 is a choice available to qualifying companies rather than something every small company automatically falls into, and that eligibility depends on the size tests and the relevant rules and exclusions. A good starting point is a straightforward conversation about your company, your accounting period and what you need from your year-end accounts.

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FRS 105 Micro-Entity Accounts

(Turnover up to £100K)

£499.00

£399.00

+vat

FRS 105 accounts preparation
Accounting records review
Micro-entity eligibility review
Companies House filing where applicable
Corporation Tax support where included
Director review
FRS 105 accounting support

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Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

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   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
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 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
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   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail. Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable. I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
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   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
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 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .
  
 
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 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
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 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
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 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
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─── FRS 105 EXPLAINED

FRS 105 Explained: What the Micro-Entities Regime Means for Your Company

FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime. In plain terms, it is a simplified accounting framework that a qualifying company can choose to use when preparing its annual financial statements. It exists because very small companies do not need — and often do not want — the detail required of larger businesses, so FRS 105 strips things back: a shorter balance sheet format, far fewer notes and disclosure requirements, and no need for some of the more complex measurement rules found in other standards. The important point is the sequence: a company first needs to qualify as a micro-entity under the applicable size tests and other rules, and then it can choose to apply the micro-entities regime. FRS 105 applies when that regime is chosen. If a company qualifies but decides the regime is not right for it, an alternative framework may be available instead. For directors in St Helens running a small limited company, understanding which regime applies — and why — is usually the first step towards producing FRS 105 Micro Entity Accounts that genuinely reflect the business.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and that choose to apply it. Qualification is generally assessed against three size conditions, and for accounting periods beginning on or after 6 April 2025 a company normally needs to meet at least 2 of the 3 applicable tests subject to the relevant rules: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Those are the headline tests, but they are not the entire picture. Other eligibility rules and exclusions can apply — for example, certain categories of entity are not eligible for the small companies regime, and group structures can affect the position. That means meeting the size thresholds alone does not automatically guarantee eligibility, and it certainly does not oblige a company to use the micro-entities regime even when it qualifies. The practical approach is to confirm eligibility for your specific company and accounting period, then decide whether FRS 105 is the right fit for how you want your financial statements presented. For directors in St Helens, that decision is often best made with an accountant who can look at the full circumstances rather than the turnover figure alone.

A company generally needs to meet at least 2 of these 3 conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── What We Review

Everything Your Micro-Entity Company Is Required to Get Right

Most compliance problems are not deliberate. They come from a missed deadline, an accounts template that no longer matches FRS 105, or dividends taken without the paperwork to support them. Our review covers each area in turn and reports back in plain English.

FRS 105 Balance Sheet

A statutory balance sheet prepared to the FRS 105 format, using the reduced disclosure the micro-entities regime allows.

Profit & Loss Account

A profit and loss account prepared for your own records and for your Corporation Tax computation, without public filing.

Required Notes & Disclosures

Preparation of the notes and disclosures required for the company's accounts under the applicable reporting requirements.

Corporation Tax Support

Separate Corporation Tax support can be provided where included in the agreed service. The Corporation Tax calculation is governed by tax rules rather than FRS 105.

Companies House Filing

Your FRS 105 accounts filed with Companies House in the correct format, before your accounts filing deadline.

Director Copy Pack

A full signed copy of your accounts and tax return, ready for your bank, mortgage lender or accountant records.

─── How It Works

How Our FRS 105 Preparation Process Works

Share Your Records

Send your bank statements, sales and purchase records, expenses and payroll details through our secure digital platform.

We Prepare Your FRS 105 Accounts

Our accountants confirm you qualify for the micro-entities regime, then prepare your accounts and CT600 from your records.

Review & Approve

We send draft accounts with clear explanations of the figures, and adjust anything before anything is submitted.

We File Where Required

Once approved, we can assist with the relevant Companies House filing and any separately agreed tax submission.

─── WHY CHOOSE US

Why Choose Our FRS 105 Accountants?

We keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Accounts Support

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Clear, Transparent Pricing

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

─── WHO WE HELP

FRS 105 Support for Micro-Entities Across the UK

From one-director businesses and freelancers to startups, consultants and online businesses that qualify for the micro-entities regime.

One-Director Companies

Straightforward FRS 105 accounts and Corporation Tax filing for owner-managed limited companies.

Freelancers & Contractors

Accounts and compliance support for contractors trading through a qualifying limited company.

Startups & Small Companies

Practical support for newly incorporated companies filing their first set of micro-entity accounts.

Dormant & Low-Activity Companies

Dormant company accounts and FRS 105 accounts for LLPs that meet the micro-entity thresholds.

Professionally Prepared FRS 105 Micro Entity Accounts in St Helens

Preparing FRS 105 Micro Entity Accounts is not just a case of dropping numbers into a template. The figures need to be built up from your company’s underlying financial records — bookkeeping, bank and card transactions, sales and purchase invoices, payroll information, asset purchases, loans and any other balances — and then presented in line with the reporting requirements that apply to a micro-entity using FRS 105. That means getting the balance sheet categories right, dealing with the disclosures that are still required, and making sure the accounts are consistent with the position reported in previous periods. It is also worth keeping the different filing strands separate in your mind: the statutory accounts are prepared and filed with Companies House, while Corporation Tax is dealt with separately through a Company Tax Return (CT600) submitted to HMRC. They draw on the same underlying records, but they are distinct obligations with their own requirements. Working with an accountant on your FRS 105 accounts in St Helens helps keep the preparation accurate, the presentation consistent and the process properly documented, so you can file with confidence rather than guesswork.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in St Helens

If you need FRS 105 Micro Entity Accounts prepared for your St Helens company, the sensible next step is a conversation. Tell us about your business — your accounting period, what you do, how your records are kept and whether you have filed micro-entity accounts before — and we can look at whether the micro-entities regime is likely to be available to you and what preparing your accounts would involve. It also helps to have your bookkeeping, bank statements, invoices, payroll details and any previous accounts to hand, as these are usually the starting point for accurate preparation. We will explain what is needed in plain English, outline clear and transparent pricing options, and set out the information we need from you before any work begins. Get in touch to discuss your requirements and take the next step with your year-end accounts.

─── FAQs

FRS 105 Accounts Preparation FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What is FRS 105?

FRS 105 is the UK financial reporting standard that applies to companies using the micro-entities regime. It is a simplified framework, allowing a shorter balance sheet format and far fewer disclosures than the standards used for small and larger entities. It is not a tax rule or a filing portal — it is the accounting framework that determines how the financial statements are put together. A company has to qualify for the micro-entities regime and choose to apply it before FRS 105 comes into play.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the applicable size conditions and that choose to apply the micro-entities regime. Meeting the size tests is not the whole story, because other eligibility rules and exclusions can affect whether the regime is available — for example, certain types of entity are not eligible for the small companies regime and therefore cannot use FRS 105. Because the rules can be nuanced, it is worth checking your specific position rather than assuming that being small is enough.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies can choose to apply it, but it is equally entitled to use another framework that it is eligible for, such as the small companies regime under FRS 102. What matters is that a framework is chosen deliberately and applied consistently, because the choice affects how the accounts are presented and what is disclosed.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable size conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Those figures apply subject to the relevant rules, and additional eligibility conditions and exclusions can still apply — for instance, where a company is part of a group or falls into a category that is not eligible for the small companies regime. Falling within the thresholds does not by itself guarantee that the micro-entities regime is available.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard: it is deliberately minimal, with a simplified balance sheet and far fewer disclosures. FRS 102 is the standard for larger entities, and its small companies section (often called Section 1A) sits between the two. In practice, FRS 102 Section 1A allows more accounting policy choice and requires more disclosure, while FRS 105 keeps things as straightforward as the rules permit. Which one is appropriate depends on eligibility and on what the company decides.

Do FRS 105 accounts need to be filed with Companies House?

Yes. If your company is required to file statutory accounts, the FRS 105 Micro Entity Accounts form part of that filing and are submitted to Companies House within the statutory deadline for your accounting period. Filing with Companies House is the company law obligation, and it is separate from your Corporation Tax position. It is also separate from the Confirmation Statement, which is a different annual filing covering company information rather than financial statements.

Is a Corporation Tax Return (CT600) different from FRS 105 accounts?

Yes — they are two separate things. FRS 105 accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is the Company Tax Return submitted to HMRC to report the company's Corporation Tax position, and it is calculated from the company's accounting records and tax adjustments. Preparing and filing one does not replace the other, even though both draw on the same underlying bookkeeping. Filing accounts at Companies House should not be treated as approval of your tax position by anyone.

What information do I need to provide to have FRS 105 Micro Entity Accounts prepared?

Most companies start with the underlying records: up-to-date bookkeeping or a trial balance, bank and credit card statements, sales and purchase invoices, payroll information, details of any assets bought or sold, loan and finance agreements, and a copy of the previous year's accounts where available. If anything is incomplete, we can talk through what is missing and how to fill the gaps. Having the records organised in advance usually makes the preparation process smoother and helps avoid queries later on.

Are the rules on filing micro-entity accounts changing?

Companies House has been moving towards software-only filing of accounts, and there are planned changes that would require small and micro-entity companies to file a profit and loss account as part of their accounts. The exact scope and timing have been the subject of consultation and confirmation, so it is sensible to check the current position for your accounting period rather than relying on older guidance. If you would like to know how any changes affect your St Helens company, we can talk it through when we look at your year-end requirements.